Australian Accounting and Bookkeeping Workshop

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In this video, the double entry system is reviewed, explaining how each transaction affects both debit and credit accounts. The video also provides a brief explanation of bank reconciliation, demonstrating how to compare and adjust the company’s financial records with the bank statements to ensure accuracy and resolve discrepancies.  

In this video, a quick assessment exercise is provided where various items are classified as GST, GST-free, or input-taxed. The video offers an overview of how to identify and categorize goods and services according to their GST status.  

 In this video, it tackles the components of a Profit and Loss review, including: 

• Gross revenue 
• Cost of goods sold 
• Gross profit 
• Operating expenses 
• Net profit 

The video primarily focuses on sales/revenue and provides an overview of each component and its role in understanding a company’s financial performance. 

In this video, it focuses on how to review expenses in a Profit and Loss statement. The video provides an overview of evaluating operating and non-operating expenses to better understand their impact on a company’s financial performance. 

In this video, it is a module exercise focused on reviewing the Profit and Loss statement and the Balance Sheet. The video discusses the answers, highlighting the key steps and providing an explanation of the results from evaluating both financial statements.